A majority stakeholder in student housing and commercial real estate development in Gainesville, FL – Trimark Properties recently secured $ 22 Million in Refinancing for three luxury apartment complexes near University of Florida.

Trimark Properties – a multi-family real estate management and commercial real estate development company recently announced the procurement of a $22 Million Refinancing for three of their prime luxury student housing apartment complexes in Gainesville, FL. Paul Ahmed of Walker & Dunlop facilitated the refinance through JP Morgan.

Located within steps from the University of Florida Campus, refinanced apartment complexes include

·         Savion Park Luxury Apartments - A New York inspired apartment into the heart of Gainesville. Easy access to University of Florida campus and Innovation Square.

·         Tuscana Luxury Apartments – Luxury speaks volumes at Tuscana. A formal lawn, internal courtyard, and water fountains are just a few of the amenities enjoyed by the residents.

·         Solaria Luxury Apartments – A luxurious masterpiece with California mission-style architecture with Spanish influences.

Tuscana and Solaria were recently in the news for winning two Gainesville City Beautification Awards in the apartments category. Chosen for their unique, innovative design and sustainability features.

From the lender’s perspective, Trimark poses a low-risk investment because of their vast portfolio of properties, coupled with decades of experience offering quality service to University of Florida students and the local residents of Gainesville. The three properties in the deal – Savion Park, Tuscana, and Solaria luxury apartments consist of 114 units in total and a combined area of 157,000 square feet. These properties are leased to capacity every year and often have a waitlist of tenants for the next academic year.

“Trimark Properties has done an outstanding job of revitalizing the apartment market near the University of Florida by designing a dynamic community of luxury student housing,” Ahmed said. “The property benefits from a highly-visible location where tenants are excited to live. With the consistent addition of modern, quality features, the properties will continue to see success making them a prime investment opportunity for lenders.”

Trimark Properties is an award-winning real estate development and property management company specializing in student housing and commercial real estate in Gainesville, FL. The commercial real estate division of Trimark has also provided assistance to startups and tech companies by offering custom-built retail, research, lab and office space for lease in Gainesville.